Latin Manharlal Group, A Successful & Leading Provider of Financial Services for over two decades. It has become synonymous name with Reliability & Trust for their customers pan India with more than 200 channel partners and catering to more than 35000 clientele. Latin Manharlal group has evolved itself from mere Equity Broking business to a full fledged Financial Service Provider through its various group companies.

Wednesday, 15 March 2017

UP Elections Victory Likely to put Govt’s Reforms Agenda Back on Track

With the election verdict in Uttar Pradesh giving
Bharatiya Janata Party (BJP) a landslide majority in the state, the Indian
economy is expected to touch newer heights. The stunning victory of BJP is
likely to give an added impetus to government’s reform agenda, boost stock
markets up, and hasten the implementation of big-ticket measures such as the
goods and services tax (GST).The election
outcome, which comes in the backdrop of demonetisation, signals that people
want the Centre to take bolder steps to stem black money, root out corruption
and bring back illegal money from abroad.

The BJP’s
triumph in the state of Uttar Pradesh will give added power to Prime Minister
Narendra Modi to aggressively push his economic agenda. This has also raised
hope among investors that the BJP will embark on new reforms to boost growth in
Asia’s third biggest economy, and tackle the corruption and red tape that has
dented India’s potential. Investors are also eying pro-business reforms in
Uttar Pradesh, such as digitising land records and making permit applications
easier.

The Indian
economy clocked a faster-than-expected growth of 7 per cent in fiscal third
quarter, notwithstanding the demonetisation of high-value banknotes in November
and the resultant impact on output as well as the consumption. The Global
ratings agency Fitch expects Indian economy to grow by 7.1 per cent in the
current fiscal before stepping up to 7.7 per cent in the next two financial
years.

Going
forward, the Narendra Modi led government is expected to remain focused on
measures that will help to improve the ranking in terms of ease of doing
business,significantly and persistently in the period ahead. Implementation of
the GST from July will simplify indirect tax structure, reduce geographical
fragmentation and widen the tax base, which will prove to be transformational
for the Indian economy in the medium term.

With
Narendra Modi now firmly entrenched in power until at least 2019, and perhaps
further ahead, the focus will be on whether Modi can deliver on his promises of
rapid development.

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Latin Manharlal Group, A Successful & Leading Provider of Financial Services for over two decades. It has become synonymous name with Reliability & Trust for their customers pan India with more than 200 channel partners and catering to more than 35000 clientele.
Latin Manharlal group has evolved itself from mere Equity Broking business to a full fledged Financial Service Provider through its various group companies.